City of Boulder Opens Small Business Grant Program With $675,000 Fund Application Period Aug. 31 – Sept. 11, 2020
The economic impacts of COVID-19 have been felt by businesses across the country and here at home.
Businesses are a vital part of the Boulder community, and Boulder has been recognized as one of the best places to start, grow or sustain a business. A culture of innovation and entrepreneurial support helps businesses thrive here. For this reason, the city has dedicated part of its federal CARES Act funding to create a $675,000 competitive grant opportunity for small, local businesses and nonprofits as they continue to navigate the impacts of the COVID-19 pandemic to the business climate.
The City of Boulder has retained the third-party Colorado Enterprise Fund (CEF), a nonprofit community development financial institution, to administer the funding of these small business grants. Eligible Boulder-based businesses and nonprofits with 100 or fewer employees can find more information, program criteria and the program application on the Boulder Small Business Grant Program webpage on Colorado Enterprise Fund’s website. The online application is available in English and Spanish, and will be open from 8 a.m., Monday, Aug. 31 through 5 p.m., Friday, Sept. 11, 2020.
“We look forward to helping Boulder small businesses with this grant program to support them in these difficult times,” said Ceyl Prinster, CEO and president of CEF. Jane Brautigam, Boulder city manager, added “The CARES Act funds enable the city to offer this grant opportunity to help our valued small, local businesses and nonprofits. Grant funds are especially helpful as they do not need to be paid back. We are also exceedingly thankful to the Boulder Chamber, the Community Foundation Boulder County, the Boulder Small Business Development Center and other partners of the Boulder Business Response and Recovery Alliance for contributing to the development of the competitive process reflecting our community’s values.”
News of the Boulder Small Grant Program application opening is only one opportunity announced this week in support of small businesses and nonprofits. Simultaneously, the State of Colorado has opened the application window for the Energize Colorado Gap Fund. Boulder businesses should be aware that they may be eligible under both initiatives.
Information about the Boulder Small Business Grant Program eligibility and funding criteria can be found on the CEF webpage for this grant program, and the City of Boulder COVID-19 Business Resources webpage. For applicant questions, please contact the Colorado Enterprise Fund at: [email protected].
Published: Aug. 31, 2020